[ad_1]
Axis Financial institution- the nation’s fifth main banking main by market capitalisation is slated to report its Q1 numbers later at the moment. Zee Enterprise analysis expects the lender’s standalone internet revenue to report 8.85 per cent development on-year to Rs 6,310 crore as towards Rs 5,797.1 crore because the lender is seen to see good development in its enterprise. NII on the personal sector lender can also be anticipated to log good double digit development of 10.9 per cent to Rs 13,257 crore as towards Rs 11,958.8 crore in the identical quarter final yr.
Mortgage development throughout the quarter is anticipated at 15 per cent towards 16 per cent in the identical quarter final yr. Deposit development on the lender can also be seen contracting to 16 per cent as towards 17 per cent earlier.
In the meantime, the asset high quality on the lender is seen to stay kind of regular witn gross NPA anticipated within the vary of 1.4-1.5 per cent as towards 1.43 per cent within the earlier March quarter. Internet NPA can also be seen at 0.3 per cent.
Internet curiosity margin or NIM is seen to contract to three.7-4 per cent, whereas it was 4.06 per cent within the earlier March quarter.
Treasury revenue on the lender is seen to fall, whereas the payment revenue is anticipated to see an increase. Additional, the desk anticipates that the slippages can be extra within the agriculture and retail section.
Credit score value on the lender is seen to extend too throughout the evaluate interval.
Simply forward of the outcomes later at the moment, Axis Financial institution inventory traded close to day’s low worth at Rs 1,236.3, down over 2 per cent on the BSE.
[ad_2]
Source link
